Palantir Technologies Inc. ($PLTR) has seen a significant rally, with its stock price increasing by 150%, adding approximately $60 billion in market value. Analysts have been upgrading their price targets for Palantir throughout the year, with some now predicting it will reach $50 by the end of the year. Despite this optimism, there are concerns that the stock has gotten ahead of itself. Upcoming earnings on November 4th could impact the stock's trajectory. The stock has faced resistance, double topping and hitting the bottom of its range. It is currently trading at 40 times price-to-sales ratio.